Goode Trades – Page 81 – The Best Source for Penny Stock Insight

Trade recap for 11/19 and an abbreviated watchlist

My profit today is largely due to InvestorsLive of the Investors Underground stock chat, who is good at understanding and identifying pumps; I played and profited off of BLAP after his alerts.

TTIL, BONT on watch as longs. I explain a bit in the video. CLDS as well. NLST still on short watch, but it is getting annoyingly choppy and borrows are mostly gone.

Trades today:
+ SLD 15,000 BLAP false Stock .061 USD SMART 09:33:26 4.57
SLD 15,000 BLAP false Stock 0.0600 USD SMART 09:33:45 4.50

Daily profit: $449.17

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Watchlist for 11/19

Things I don’t care about: AENY & GGWPQ both have nice breakouts. I like to avoid trading OTC stocks unless they pump & dumps.

HEAT – Chart is overextended, but it is up on earnings. No easy play.

TWLL – Nice breakout on upgrade and increased guidance. Long on green.

VM – Nice breakout at $5.30. Long on green, likely to be a snoozer though, because it is a NYSE issue.

NLST – You should know this by now. Short on green/red or a break of $4.

Trade recap: Another boring day, another $1k

Seriously, this is getting rather tedious …

As a follow-up to one of my comments in the video, Tweexchange does appear to work now.

Trades at IB:
BOT   500   NLST   false   Stock (NMS)   4.2600   USD   DRCTEDGE   08:10:51       2.50
SLD   500   NLST   false   Stock (NMS)   4.2400   USD   ARCA   08:12:33       2.50
BOT   10,000   BLAP   false   Stock   0.0450   USD   SMART   14:35:14       2.25
BOT   20,000   BLAP   false   Stock   0.0450   USD   SMART   15:22:02       4.50
BOT   2,000   AENY   false   Stock (OTCBB)   2.8100   USD   ARCAEDGE   15:36:10       10.00
BOT   2,000   AENY   false   Stock (OTCBB)   2.8100   USD   ARCAEDGE   15:36:40       10.00
SLD   1,000   AENY   false   Stock (OTCBB)   2.9500   USD   ARCAEDGE   15:40:20       5.00
SLD   1,000   AENY   false   Stock (OTCBB)   2.9900   USD   ARCAEDGE   15:40:46       5.00
SLD   1,000   AENY   false   Stock (OTCBB)   3.1000   USD   ARCAEDGE   15:42:28       5.00
+   SLD   1,000   AENY   false   Stock (OTCBB)   3.000   USD   ARCAEDGE   15:44:16       5.00

NLST 5 day chart

NLST 1 day chart

Daily profit: $1250.20

Disclosure: Long 30,000 shares of BLAP. No positions in any other stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

The seven rules of trading

I post this today as a reminder to anyone who is caught short in the big NLST short-squeeze.

Sometimes I’m asked why I don’t make more money. I have two responses to this: first, I am not actually a very talented trader; second, I trade for a living, so my goal is to make a certain income while taking as little risk as possible. Those who focus on making as much money as possible while ignoring risk will invariably lose almost everything, no matter how talented they are, just as Livermore and Niederhoffer did.

1. Hope is not a strategy.
2. Plan your entry and exit before you make a trade.
3. If you are unsure of what to do, get out.
4. Only trade when you have an edge.
5. Track all your trades. If a strategy loses money, abandon it.
6. Do not focus only on potential gains but also on potential losses. Trade only when the risk/reward ratio is favorable.
7. Don’t let a very good profit disappear or turn into a loss because you want an even bigger profit.

Trade recap for November 17th: My pathetic inability to trade supernova NLST

Another disappointing day; I captured less than 1/3 of the profit that I should have had in NLST. Still, another $1k+ day.

Trades at IB:
SLD   1,000   IMGG   false   Stock (OTCBB)   1.6400   USD   ARCAEDGE   09:43:02       5.00
SLD   500   IMGG   false   Stock (OTCBB)   1.6400   USD   ARCAEDGE   09:43:33       2.50
BOT   500   IMGG   false   Stock (OTCBB)   1.4350   USD   ARCAEDGE   10:20:52       2.50
BOT   500   IMGG   false   Stock (OTCBB)   1.4600   USD   ARCAEDGE   10:21:39       2.50
BOT   500   IMGG   false   Stock (OTCBB)   1.4700   USD   ARCAEDGE   10:22:23       2.50

NLST 4 day chart

NLST 1 day chart

Daily profit: $1,574.43 (after adding in profit on position closed after-hours; see comment #1 below)

Disclosure: Short 5,000 shares of NLST. No positions in any other stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap / watchlist: All eyes on NLST

I had a profit on NLST that erased my previous losses on it. The end appears near for it, although the stock has not yet collapsed. So ALFFS. See my video from last night if you want my thoughts on trading it and watch my video below.

NLST 4-day

NLST 1-day

Daily profit: $902.00

NLST goes supernova

There is no watchlist tonight. That would be superfluous. There is only NLST (okay, IMGG is also interesting, but NLST is much better). Did you follow my advice to ALFSS? I did and I am ready. (And by the way, ALFSS certainly does not mean short it as soon as you can. Supernovae make great longs before they make great shorts and I tried to long it Friday). If you are interested in trading supernovae, watch this video where I lay out my battle plan.

For further edification, see my trade recaps of recent supernova GGC.

Disclosure: No net positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for Friday the 13th: Previous resistance becomes support; set stops accordingly

I have to be the only one to lose money going long NLST today. Oyvey.

After recording the video I bought 50,000 VGPR at $0.0201 and sold 50,000 at $0.021 +$23.62 realized

BOT   2,300   NLST   false   Stock (NMS)   2.3200   USD   SMART   09:32:00       11.50
SLD   2,300   NLST   false   Stock (NMS)   2.1700   USD   ISLAND   09:33:56       11.50
+   SLD   200   VRMLQ   false   Stock   23.500   USD   SMART   09:34:01       1.00
SLD   200   VRMLQ   false   Stock   22.90   USD   SMART   09:38:04       1.00
+   BOT   2,300   NLST   false   Stock (NMS)   2.337   USD   ISLAND   09:43:37       11.50
+   SLD   2,300   NLST   false   Stock (NMS)   2.280   USD   SMART   09:44:34       11.50
+   BOT   2,300   NLST   false   Stock (NMS)   2.430   USD   ISLAND   09:46:39       11.50
+   SLD   2,300   NLST   false   Stock (NMS)   2.453   USD   SMART   09:47:42       11.50
BOT   1,000   IMGG   false   Stock (OTCBB)   1.6400   USD   ARCAEDGE   14:14:35       5.00
SLD   1,000   IMGG   false   Stock (OTCBB)   1.6500   USD   ARCAEDGE   14:22:40       5.00
BOT   50,000   VGPR   false   Stock   0.0200   USD   SMART   14:56:19       5.00
SLD   25,000   VGPR   false   Stock   0.0220   USD   SMART   15:02:48       2.75
+   SLD   25,000   VGPR   false   Stock   .019   USD   SMART   15:26:42       2.42

Daily profit: ($99.86)

Weekly profit: $3264.56

For Livestock viewers, here’s the Grand Canyon from a helicopter:

Watchlist for Friday the 13th

Odd facts: thirteen is my lucky number and I actually lived in Crystal Lake for a time while growing up.

NLST – ALFFS! ALFFS! ALFFS! Nice 100%+ run up on no meaningful news. ALFFS! ALFFS! ALFFS! You know the drill by now … hopefully.

VRMLQ – I’m long this (as is Tim Sykes) on this beautiful breakout with volume. I hope to exit on a morning spike … this thing has a good record of multi-day runs.

IMGG, SNIC, KNDI, NANO are some other recent breakouts. Considering how interesting the first two stocks are I won’t even show you the graphs of these stocks. If there are ideal plays, ignore all others.

Disclosure: Long 400 VRMLQ. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for November 12th: Reverse pseudo-arbitrage

Good recap today that explains how I practice share-class pseudo-arbitrage. Watch it.

+   BOT   1,000   CNLG   false   Stock (SCM)   1.815   USD   ARCA   09:36:18       5.00
+   SLD   1,000   CNLG   false   Stock (SCM)   1.850   USD   SMART   09:45:23       5.00
+   SLD   1,000   PLA   false   Stock   3.930   USD   SMART   11:39:39       5.00
+   BOT   1,000   PLA   false   Stock   3.830   USD   SMART   11:44:16       5.00
+   BOT   400   VRMLQ   false   Stock   21.500   USD   SMART   12:49:06       2.00
+   SLD   200   VRMLQ   false   Stock   22.450   USD   SMART   12:55:49       1.00
+   BOT   1,200   KNDI   false   Stock (SCM)   4.014   USD   DRCTEDGE   13:56:07       6.00
+   SLD   200   VRMLQ   false   Stock   23.260   USD   SMART   13:56:20       2.00
+   SLD   1,200   KNDI   false   Stock (SCM)   4.050   USD   SMART   14:10:12       6.00
SLD   30   BRK B   false   Stock   3396.70   USD   NYSE   14:53:56       1.00
BOT   1   BRK A   false   Stock   101965.00   USD   NYSE   14:53:58       1.00
BOT   1   BRK A   false   Stock   101989.00   USD   NYSE   14:56:02       1.00
SLD   30   BRK B   false   Stock   3396.54   USD   NYSE   14:56:37       1.00
+   BOT   400   VRMLQ   false   Stock   22.268   USD   SMART   15:43:27       2.38

Daily profit: $684.23

Disclosure: Long 60 BRK-B, short 2 BRK-A, long 400 VRMLQ. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.